China's exports seen expanded in July lifted by global trade upturn: Reuters poll
BEIJING - China's exports likely climbed at a quicker pace in July as manufacturers benefited from stronger orders from the ongoing upturn in the global merchandise trade, which is expected to keep exports robust and dull tariff scares.
Imports likely grew 3.5% last month, flipping from a surprise decline of 2.3% seen in June, suggesting factory owners are purchasing more parts and materials to be turned into finished goods for export. Analysts are optimistic of the Chinese economy regaining momentum in the second half of the year, with a glimmer of hope that support measures so far are somewhat nudging the property sector towards stability.
The United States announced in May plans to raise tariffs on an array of Chinese products on Aug. 1 but decided it would delay some of them, while the European Commission, which oversees European Union trade, saw divided views on its provisional duties set last month on Chinese electric vehicles.
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